SFE Investment Counsel Lowers Stock Holdings in Fiserv, Inc. (NYSE:FI)

SFE Investment Counsel cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,151 shares of the business services provider’s stock after selling 1,338 shares during the quarter. Fiserv comprises approximately 1.4% of SFE Investment Counsel’s portfolio, making the stock its 24th biggest holding. SFE Investment Counsel’s holdings in Fiserv were worth $6,604,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in Fiserv during the fourth quarter valued at about $31,000. Kennebec Savings Bank acquired a new stake in Fiserv during the third quarter worth about $40,000. Friedenthal Financial purchased a new position in shares of Fiserv in the 4th quarter worth about $49,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv during the 3rd quarter worth about $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on FI. Wells Fargo & Company boosted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer upped their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada raised their price objective on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. TD Cowen increased their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays raised their target price on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $239.83.

Fiserv Stock Down 0.9 %

Shares of Fiserv stock opened at $227.83 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $209.78 and a 200 day moving average price of $195.00. Fiserv, Inc. has a fifty-two week low of $142.47 and a fifty-two week high of $233.26. The firm has a market cap of $129.62 billion, a P/E ratio of 42.27, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.